Infrastructure Protective Coatings Market 2022 Trends, Share, Size, Growth, Opportunity and Forecast to 2031

Infrastructure Protective Coatings Market 2022

The global protective coatings market is predicted to amass a worth of approximately US$ 55 Bn by the end of the decade, increasing at a robust CAGR of more than 7% over the next ten years. At present, industry revenue is estimated to be worth approximately US$ 27.6 Bn.

A protective coating is a covering that is applied over a surface to ensure protection from external environment that could damage the function or integrity of an item or part. Protective coatings find application in consumer products as well as in heavy machinery, marine, automotive and oil & gas industry, etc.

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Protective coatings are generally classified by their basic resin type, such as epoxy, alkyd, acrylic, or polyurethane. However, different blends of resin, pigments, solvents, and additives result in different serviceability and properties of protective coatings.

Growing demand for new infrastructure in developing economies and increased investments to upgrade aging infrastructure in developed economies are expected to emerge as major factors driving demand for protective coatings over the coming years.

Innovations in product and technology focused on eco-friendly and cost-efficient solutions and increasing adoption of water-borne protective coatings due to stringent environmental regulations are other factors expected to fuel the growth of the market over the forecast period.

However, stringent government regulations focusing on reduced VOC emissions, availability of substitutes at cheaper costs, and volatility of raw material costs are projected to impede the growth of the global protective coatings market during the forecast period. Global protective coating consumption is expected to increase at a CAGR of 6.8% in terms of volume over the next ten years.

In terms of market value, Asia Pacific is expected to dominate the global protective coatings market over the forecast period, with North America being the second largest market, accounting for nearly 2/10 revenue share of the global estimated market value by 2021-end.

Key Companies- 

• Akzo Nobel N.V.
• PPG Industries Inc.
• The Sherwin-Williams Company
• The Valspar Corporation
• Jotun
• Hempel Group
• Kansai Paints Co. Ltd.
• Other

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Market Segmentation:

By Technology

• Solvent-borne
• Water-borne
• Powder
• Others

By Resin Type

• Epoxy
• Polyurethane
• Acrylic
• Alkyd
• Polyester
• Others

By Application

• Infrastructure
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Polyester
o Others

• Commercial Real Estate
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Polyester
o Others

• Industrial Plants and Facilities
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Polyester
o Others

• Oil & Gas
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Polyester
o Others

• Power
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Polyester
o Others

• Mining
o Epoxy
o Polyurethane
o Acrylic
o Alkyd
o Polyester
o Others

By Region

• Asia Pacific
• Europe
• North America
• Latin America
• The Middle East & Africa

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Key Questions Answered in Protective Coatings Market Report -

• Which nations decisively control the exports of protective coatings?
• Which trends are prevalent in the protective coatings market?
• What is the protective coatings market value in South Korea and Japan?
• In terms of value, what will be the market metrics for 2031?
• How much of the global market share is influenced by the top 5 players?
• How is the protective coatings industry expected to perform over the decade?
• Which nations drive most of the demand for protective coatings?
• At what pace did the market evolve from 2016 to 2020?
• What is the outlook for the Germany market in Europe?
• At present, what does protective coating revenue amount to?

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